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Forextuitions

Short USDJPY

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
Forextuitions Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Chart Patterns Trend Analysis USDJPY USD jpy usdjpyshort lalitmatta forextuitions
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chartpattern trendanalysis usdjpy usd jpy usdjpyshort lalitmatta forextuitions
USDJPY pair traded on bearish trend, We expect falling US Treasury yields to push USD/JPY through the resistance level and open up technical scope for further downside along with The latest FOMC statement is expected to display more caution over the pace of further policy tightening by signalling more concern over the softer inflation recorded in recent months.As technically the pair trading in parallel trend range below 200 ma on 1hr time frame, we can see fall again from strong resistance around 111.60/80 towards 110.00.

Sell 111.50/75

target: 110.50/110.00
stop loss: 112.10

gud luck

#forextuitions
Trade active
Trade closed: stop reached:
stop loss hit with 45 pips loss
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